Escovar Gomez Sylvia 4

What Happened
Sylvia Escovar Gomez, a director of Grupo Cibest (CIB), received 301.6 derivative units on April 20, 2026. The filing values the units at COP 26,765.16 per unit, approximately $7.26 each using a COP/USD rate of 3,615.1, for a total reported value of about $2,190. This transaction is reported as an award/acquisition (derivative units credited to a pension fund), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-04-20; Form 4 filed: 2026-04-23 (appears filed one business day after the usual two-business-day deadline).
• Instrument/amount: 301.6 units @ ~$7.26 per unit; total ≈ $2,190. Reported as a derivative (award/acquisition).
• Shares owned after transaction: not stated in the filing.
• Footnote F1: Units were credited to an institutional voluntary pension fund sponsored by Grupo Cibest and managed by an independent third party; the reporting person has no voting or investment discretion over the fund. Units were credited from a voluntary cash contribution and are payable in cash based on fund value at withdrawal; the number of underlying Grupo Cibest shares per unit can’t be determined until withdrawal.
• Footnote F2: The instrument has no expiration date.

Context
These units represent holdings in a unitized pension fund that primarily invests in Grupo Cibest securities and a small amount of cash. Because the reporting person does not control voting or investment decisions for the fund and the award is tied to a pension vehicle (payable in cash based on fund value), this type of transaction is different from a direct market purchase and is generally less directly indicative of near-term trading sentiment.